Is MBA necessary for business?

Is MBA necessary for business?

 

Yes, an MBA is required. A successful businessman in the country must be able to effectively manage both the product and the people. To increase their management expertise, people who lack managerial abilities should enroll in an MBA degree program.

 

No, it is NOT required. If it were a requirement to succeed in business, millions of successful businessmen would have failed.

Further MBAs are a relatively recent invention. People have succeeded in business for THOUSANDS of years BEFORE MBAs were invented.

 

In some businesses (e.g., banks, Fortune 500 corporations, major consulting companies, etc.) an MBA will open more doors for you if you are on the outside, looking to get in. But it is certainly not a guarantee of such success.

If you are planning to start and run your own business, a case could be made that an MBA would help one to understand the financial and economic side of the business. On the other hand, one could make the case that using those MBA dollars and two years to instead invest in running your start-up might provide a much better education in that regard.

If you are hoping to get a promotion at your current employer with an MBA, you will need to closely understand the thinking and the policies your company has around this. It might help at some companies and be totally useless at others. Same rules apply if you are hoping to get a better next job at another employer with an MBA.

 

I am on an advisory board for a Boston university's MBA program. They say that they prefer to accept MBA candidates who already have some work experience and my perception from student contact is that about 50% of the students are coming from the workforce, but usually with 5 years or less experience. Very rare to find someone in their thirties or forties in the program.

 

Interesting. I don't hear much about the dropout rate (have never asked, in fairness). I do know that they work long and hard to fill seats for every new class. Then, they work long and hard to help the newly minted MBA get a high-paying job because that statistic counts heavily in the grad school rankings.

 

I want to try anyway, I hope it will works

 

thanks，

I already started to learn how to join to MBA, I'm curious about what I can learn from it, what courses they have

 

In my opinion, it is not necessary but if you want to improve your business skill you must do it

 

They may offer specific "tracks" within the MBA program. E.g., in the business school I am involved with, they offer a Finance track, a Supply Chain/Logistics track, an Entrepreneurship track, and I think there is at least one more that I am forgetting. Anyway, you may want to consider what "flavor" MBA might work best for you, if such options are offered.

 

I would want an MBA just to have one! I enjoy learning...and it would be possible for me since I just earned my Bachelor of Arts degree in Anthropology this year, 2021. I graduated a few months ago! I looked at a Technology Management specialization MBA. Also looked at a Master of Science in Management. I am in an entrepreneurial cohort now working toward starting my own business. I will be launched before obtaining a Master's in anything - but, I do think that it would help. No matter what I learned/majored in I would find a way to make it applicable to no matter I do! Life learning and experience.

 

For getting hired as a business person in a company which is listed in nasdaq or Nifty you do need MBA.